I won a sweepstakes and received a W2-g with my winnings. I have all of this entered on my 2016 Tax return Form. I recieved a 1099-Misc from the same company last month. Do i need to enter the 1099? Wouldn't it be double dipping?
The W2-G has federal and state taxes on it. The 1099 shows the same total tax amount but doesn't have the tax breakdown.
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Congratulations on your win!
If the W-2G contained the entire amount of the winnings, do not include the information from the 1099. Just keep it with your tax documents. If you receive a letter from the IRS asking about the 1099, just explain that it duplicated the W-2G.
Congratulations on your win!
If the W-2G contained the entire amount of the winnings, do not include the information from the 1099. Just keep it with your tax documents. If you receive a letter from the IRS asking about the 1099, just explain that it duplicated the W-2G.
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